---
schema_version: "secwatch.filing_event.v1"
accession: "0001239819-24-000031"
form_type: "8-K"
ticker: null
cik: "0001239819"
company_name: "LUNA INNOVATIONS INC"
filed_at: "2024-03-12T23:59:59+00:00"
generated_at: "2026-06-04T22:50:16.614046+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Luna Innovations restates Q2 and Q3 2023 financials; material weaknesses in internal control

## Summary
- Restating unaudited Q2 and Q3 2023 financials due to revenue recognized that did not qualify under GAAP.
- Special committee review ongoing; full impact on affected periods and other periods not yet determined.
- Material weaknesses in internal control over financial reporting identified as of June 30 and September 30, 2023.
- Disclosure controls and procedures were ineffective for Q2 and Q3 2023.
- Company will report remediation plan and restated results when available.

## SEC filing metadata
- accession: 0001239819-24-000031
- form_type: 8-K
- cik: 0001239819
- company_name: LUNA INNOVATIONS INC
- filed_at: 2024-03-12T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1239819/000123981924000031/0001239819-24-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1239819/000123981924000031/luna-20240312.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001239819-24-000031
- JSON: https://secwatch.observer/filing/0001239819-24-000031.json
- Plain text: https://secwatch.observer/filing/0001239819-24-000031.txt

## Key facts
- Auditor Changes
  LUNA INNOVATIONS INC reported that prior financial statements should not be relied upon.
  - Action: non reliance
  source text: on March 12, 2024, the Audit Committee (the “Audit Committee”) of the Board, based on preliminary findings of the review, and after consultation with, the Company’s management and the Special Committee’s external legal and financial advisors, concluded that the Company’s previously issued unaudited interim condensed consolidated financial statements for the quarters ended June 30, 2023, and September 30, 2023, as previously filed with the Securities and Exchange Commission (the “SEC”), should no longer be relied upon and should be restated.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1239819/000123981924000031/0001239819-24-000031-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.